Vale presents strategic planning for 2016 in London. The following are some of the highlights

Page Content

Vale presents strategic planning for 2016 in London. The following are some of the highlights

Vale Day London was held on Friday, December 04 at the Mayfair Hotel for the purpose of presenting our strategic planning for 2016 to the market. The initial presentation was by Vale CFO/Investor Relations Officer Luciano Siani Pires. He expressed regret over the collapse of Samarco’s Fundão Dam on November 05 and emphasized his commitment to the recovery of the River Doce. "Our commitment is to ensure that the River Doce becomes better than it was prior to the accident,” he stated. Vale CEO Murilo Ferreira had to go back to Brasilia due to developments relating to the Samarco accident and was unable to attend.

Last Tuesday, December 01, Vale’s strategic planning for the coming year was presented to the New York Stock Exchange. During the live webcast, our Executive Officer spoke about our achievements this year, such as the delivery of projects and an expressive reduction in production costs, which underlines our commitment to make the company ever more competitive within the challenging commodity prices scenario. “We are aware of the challenges ahead and are ready to face them,” he guaranteed.

Capex

The plan for 2016 will involve an investment of US$6.2 billion. By 2018, capital expenditure will fall to between US$4 and 5 billion, with the finalization of our investment cycle.

We remain focused on maintaining operational discipline to protect our bottom line by: